SKYBIT aims to apply cutting-edge technologies to Myanmar in order to make a significantly positive difference to the country and the lives of its people. Our main service is a cryptoasset exchange that allows traders from both Myanmar and all around the world to convert between various cryptoassets and Myanmar Kyat.

Our payment processor allows businesses in Myanmar to easily receive payments from international customers who pay in cryptocurrency. The same platform can also allow donations from around the world to easily be received by aid organizations in Myanmar. In the future, we intend to facilitate fundraising for Myanmar companies by listing their new tokens on our exchange for purchase using cryptocurrency by investors from around the world.

Easing the flow of monetary value into Myanmar would open up many new opportunities for the country and its people. Our mission is to apply new technology for wide and large-scale social improvement, particularly in Southeast Asia as it has many big problems that still need to be solved.

The difficulty of having money enter underdeveloped countries like Myanmar has been hindering progress in solving many of its problems, such as poverty. We believe that the revolutionary technology of blockchain (particularly cryptoassets) can help solve such problems and advance the economy and people of those countries.

We’ve essentially been laying the foundations for a blockchain ecosystem in Myanmar, as one had not existed. Once such foundational plumbing is firmly in place in Myanmar, many other Myanmar-borne startups will likely pop up who would be relying on the essential blockchain services that SKYBIT had put in place. SKYBIT itself would also continue to develop new useful services to build on top of these foundations.

SKYBIT doesn’t only help local Myanmar businesses reach global clientele, but it also allows international businesses to enter Myanmar to benefit from its potential. Banking sector reforms will allow international financial institutions to offer their services in Myanmar.  Individuals, companies, and aid organizations can offer goods, services, and campaigns for donations to the entire world on the internet. Their customers and investors will be able to make payments using crypto assets, such as Bitcoin.

Our long-term goal is to facilitate large-scale market-driven societal improvement not only in Myanmar but also across all Southeast Asia, which has many big problems that are still needed to be solved.